Top News

Confirmed: Redpoint Leads $40M Funding Round for Path — Path, the mobile social networking start-up, is planning to announce it has raised Series B funding as early as tomorrow, according to sources. — Redpoint Ventures led the $40 million round, which values Path at $250 million.

Why Path is no Instagram — Ever since Facebook decided that Instagram was worth $1 billion, there has been recurring talk of Path, another social service being the next big buyout target. And while I am happy for the Path team, I find the comparisons with Instagram unfounded and premature.

How many iPhones did Apple sell last quarter? — The estimates range from 26 to 44 million. The best analysts' consensus: 35 million. The most important metric for Apple (AAPL) in the quarter that ended two weeks ago — likely to account for more than half of the company's revenue for fiscal Q2 2012 …

Raspberry Pi $35 mini system starts shipping — The credit card-sized Linux system is being delivered to first 10,000 customers worldwide this week. Raspberry Pi, the $35 Linux system about the size of a credit card, is fully baked and ready to eat... er, ship.

Exclusive: Electronic Arts Set To Layoff +500 Employees — Exclusive: I've confirmed from multiple sources within Electronic Arts that the company is planning to layoff 500-1,000 people as soon as this week. As of March 31 public numbers, that represents between 5%-11% of total company employees.

Why Facebook Terrifies Google — Google is still the biggest, baddest online advertising company on the planet. Its $2.9 billion profit last quarter, announced yesterday, was almost as much as Facebook's revenue for all of 2011. — But Facebook has something important that Google doesn't …

US and China engage in cyber war games — Exclusive: US and Chinese officials take part in war games in bid to prevent military escalation from cyber attacks — The US and China have been discreetly engaging in “war games” amid rising anger in Washington over the scale and audacity …

Oracle v. Google: What's at stake — Summary: Oracle and Google are finally going to trial after two years of litigation, but what's really at stake here for these two Silicon Valley giants? — Oracle's patent infringement lawsuit against Google is finally set to go to trial …

Yet another OSX/Java Trojan spotted in the wild — Kaspersky Labs tags MS Word as the vector — Hard on the heels of the Flashback Trojan, Kaspersky Labs is warning of a new OSX threat, which it's dubbed Backdoor.OSX.SabPub.a. — In a post to Securelist, Kaspersky's Costin Raiu …

Apple Discontinues Free Trials of Aperture and iWork — As noted by MacStories, Apple has discontinued its free trials of Aperture and iWork, directing users to the Mac App Store where the apps are available for purchase. — The discontinuation of the Aperture trial is not particularly recent …

Web version of Skype confirmed by Microsoft job posting — Skype, the world's most popular VOIP service (now owned by Microsoft) is stepping into a fairly populated territory - IM on web. The job posting (embedded below) confirms that Skype is indeed coming to your web browser soon.